Change in Operating Assets/Liabilities Question...
I'm working on a model and using Coke as a reference, and ran into a strange issue.
In the cash flow statement, for 2009 Coke states Net change in operating assets and liabilities as the sum of the following increases/decreases:
trade accnts rec (404) inventories (50) prepaid expenses (332) accnt payable and accrued expenses 319 acc. taxes 81 other liabilities (178)
Sum = (564)
on page 120 of the 10k
BUT if you actually go to the balance sheet and look at these line items, the differences from year to year aren't close at all!
For example, trade accounts rec were $3758 and $3090, for 2009 and 2008 respectively. Why are these changes different?
Thank you very much!
SJA
I have the same question regarding that issue.
Bump
Quite often previous years stuff doesn't tie back correctly due to minor accounting adjustments they've made.
So the right thing to do is to use the cash flow statment?
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